24h Change-0.0003%
All Time HighApr 14, 2024$1.03
All Time LowFeb 28, 2024$0.98
Market Cap$1.165b
Fully Diluted Valuation$1.166b
Circ. Supply1.166b USDC.E
CEX Volume$0
DEX Volume$109.01m
How much debt can be issued against USDC.E as collateral across lending protocols.
Maximum possible exposure to USDC.E
$2.84m
$2.84m (max additional borrows against USDC.E) + $846.37 (bad debt if USDC.E was hacked now)
Aave V3
$2.82m at-risk exposure = -- bad debt if hacked + $2.82m additional borrowable against USDC.E
Euler V2
$18,998 at-risk exposure = $846.37 bad debt if hacked + $18,152 additional borrowable against USDC.E
Showing collateral exposure for USDC.E on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for USDC.E as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
USDC.e0x2a22f9c3b484c3629090feed35f17ff8f88f76f0 | $2.82m | — | ||
USDC.e0x549943e04f40284185054145c6e4e9568c1d3241 | $18,152 | $846.37 |
Risk-management actions published about USDC.E by tracked risk managers and governance contributors, newest first.
USDC.e on Polygon demonstrates zero utilization over the past 30 days in the stMATIC market, warranting a halving of the supply cap to minimize risk exposure.
The Arbitrum USDC.e market bucked the trend with borrows up 14.57% to $566.6K and supply nearly flat, boosting utilization to 89.46% alongside a tiny reserve increase.
Supported switching to USDC.e in Aave V3 Gnosis Chain to improve stability and integration in the market setup.
On Polygon, USDC.e borrows decreased 1.69% to $5.74M with 9.30% supply fall to $8.21M, raising utilization to 69.96% but average reserve growth -12.82%, resulting in net protocol loss of -3.85K COMP equivalent.
On Arbitrum, USDC.e borrows decreased 9.37% to $533.74K with supply stable at $773.23K, reducing utilization to 69.03%; reserves showed average growth of -1.60%.
Shifting focus to USDC.e as the primary stablecoin unifies supply and reduces yield volatility compared to the current USDC setup, enabling it as borrowable in the sDAI E-Mode without material risk impact.
USDC.e has the highest bridged stablecoin supply at over 15 million on Soneium, actively used in lending and DEX pools like Kyo Finance, positioning it as a key initial asset though reliant on external bridges without native issuance.
Stargate-bridged USDC.e has a 0.86M supply and $370k liquidity on Ink, sufficient for onboarding as a stablecoin but capped at 1x liquidity due to lack of native minting and third-party bridging risks.
USDC.e borrows fell 9.99% to $9.08M, supply dropped 3.45% to $14.45M, and utilization declined 6.77% to 62.87%, reflecting reduced activity in the market. Reserves showed negative growth averaging -9.42%, leading to a net protocol loss of -5.42K after COMP rewards distribution.
USDC.e borrows remained stable at $1.71M while supply grew 16.13% to $2.37M, lowering utilization from 83.45% to 71.82%. Reserves increased by an average of 15.64%, contributing to a net protocol profit of $319.02.
An is required to view token usage.
Showing 10 of 102 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabI-WETH-USDC.E | 🪂 | $475,168 | 57.87% | 57.87% | 40.10% | ||||
| open in new tabETH-USDC.E0.05% fee | CL range 5.78% | $359,520 | 124% | 124% | 62.50% | |||||
| open in new tabWS-USDC.ECL 0.22% | $346,101 | 121% | 0% | 204% | |||||
| open in new tabUSDC.E-WETHCL 0.11% | $62,302 | 161% | 0% | 80.91% | |||||
| open in new tabECLP-WETH-USDC.E | $56,877 | 106% | 48.54% | 78.50% | |||||
| open in new tabETH-USDC.E0.30% fee | CL range 5.78% | $51,448 | 147% | 147% | 45.20% | |||||
| open in new tabWETH-USDC.ECL100 - 0.2% | $32,397 | 85.57% | 85.57% | 12.63% | |||||
| open in new tabWBTC-USDC.E0.05% fee | CL range 4.78% | $21,690 | 71.30% | 71.30% | 36.66% | |||||
| open in new tabSTRK-USDC.E0.30% fee | CL range 10.24% | $14,834 | 229% | 229% | 106% | |||||
| open in new tabSTRK-USDC.E0.05% fee | CL range 10.24% | $12,200 | 109% | 109% | 40.14% |
Showing 10 of 680 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabUSDC.E ➞ MOVE | $22,311 | 22.20% | 9.66% | 15.68% | 80% | $773,736 | $447,969 | ||
| open in new tabUSDC.E ➞ MOVE | $22,311 | 22.06% | 8.97% | 15.68% | 83.5% | $26,271 | $20,957 | ||
| open in new tabUSDC.E ➞ MOVE | $22,311 | 18.04% | 5.50% | 15.68% | 80% | $108,784 | $89,522 | ||
| open in new tabUSDC.E ➞ USDCX | $3,015 | 25.25% | 9.66% | 19.49% | 80% | $773,736 | $447,969 | ||
| open in new tabUSDC.E ➞ USDCX | $3,015 | 25.24% | 8.97% | 19.49% | 83.5% | $26,271 | $20,957 | ||
| open in new tabUSDC.E ➞ USDCX | $3,015 | 21.09% | 5.50% | 19.49% | 80% | $108,784 | $89,522 | ||
| open in new tabUSDC.E ➞ USDCX | $3,015 | 21.07% | 4.12% | 19.49% | 86.96% | $2.8m | $2.25m | ||
| open in new tabUSDC.E ➞ USDCX | $3,015 | 19.56% | 2.01% | 19.49% | 90% | $21,056 | $10,665 | ||
| open in new tabUSDC.E ➞ USDCX | $3,015 | 19.12% | 0.70% | 19.49% | 94.5% | $60,654 | $16,763 | ||
| open in new tabUSDC.E ➞ USDCX | $3,015 | 17.92% | 2.33% | 19.49% | 80% | $180,567 | $76,735 |
